Bitsensing, a South Korean technology company, has recently raised $10 million in Series A funding to expand its innovative 60GHz 4D imaging radar technology. This latest funding brings the company's total raised funds to $21 million. The round was led by AF WPartners and ARGES Private Equity, along with a global Tier One automotive supplier, Mando.
The company was originally founded with the goal of developing radar sensing for autonomous vehicles and intelligent traffic management. Now, with the aim of expanding its offerings, the company is venturing into indoor health applications, with features focused on everyday wellness.
Bitsensing’s 60GHz radar technology is capable of detecting presence, movement, and breathing in real-time. With this technology, the company is now looking to provide sleep analysis and lifestyle recommendations to improve sleep quality, as well as offer early-stage prediction of illness through the accumulated sleep data. This innovation, if achieved, would be the first of its kind in the world.
In the past, the 60GHz radar chips from Infineon Technologies in Germany have been used in automotive designs. However, Bitsensing is now optimizing the radars for indoor usage and health applications. The mini-H radar sensor, for example, has the potential to increase the quality of life for those who require constant monitoring by offering real-time information about an individual's movements and breathing patterns.
As the demand for indoor health applications continues to rise, this technology could prove to be a valuable addition to the health and wellness industry. With the successful expansion of their technology, Bitsensing is poised to become a major player in the field of health and wellness innovation.
“It was a natural progression to begin developing technologies for wellness applications,” said Dr. Jae-Eun Lee, CEO of Bitsensing. “Our groundbreaking radars for smart cities and now wellness showcase how we are transforming industries for a safer and smarter tomorrow. As part of our new tagline ‘Radar Reimagined,’ we are showcasing how we are accelerating the complete autonomous automotive environment and bringing smart wellness to individual lifestyles by providing sleep care services and sleep data-based illness predictions.”
Bitsensing will use the funds to advance radar solutions and services in each business area and to focus on expanding business by entering the global market. With Mando’s strategic investment and partnership, Bitsensing will bring the next-generation imaging radar solution optimized for mass production and ultimately achieve a completely autonomous environment.
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